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| Provider | Service type | Compensation |
|---|---|---|
Service code 64 · EIN 71-0294708 | Recordkeeping Fees | $42,279 |
SWM ADVISORS1 year Service code 99 · EIN 45-2514987 | Other Fees | $28,876 |
Service code 10 1106 N. FRANKLIN ST. · TAMPA, FL 33602 | Accounting | $9,000 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $37,446 | $59,220-36.8% | $96,572-61.2% | $79,389-52.8% |
| Participation rate | 67.9% | 61.9%+6.0pp | 69.8%-1.9pp | 70.7%-2.8pp |
| Annual return | 14.20% | 27.08%-12.9pp | 37.79%-23.6pp | 116.89%-102.7pp |
| Employer contribution / active EE | $443 | $1,216-63.6% | $2,357-81.2% | $2,428-81.8% |
| Participant deferral / active EE | $2,938 | $2,948-0.3% | $3,850-23.7% | $4,046-27.4% |
| Admin fee / account holder | $302 | $659-54.2% | $6,183-95.1% | $626-51.8% |